53-59 West Street

Key Points

• Substantial property over basement, ground, 1st, 2nd and 3rd floors
• Located on West Street, Sheffield’s busiest leisure circuit - within close vicinity to various other bars and restaurants
• Most recently used as a bar (Use Class A4) although other uses may be considered (STP)
• Available on a new lease - available immediately
• Nearby occupiers include Slug & Lettuce, Turtle Bay, Manahatta, Zizzi's, Leopold Square, etc

Description

The building is a substantial detached property over basement, ground, first, second and third floor levels. The ground floor and first floor are currently fitted out as the main customer facing bar areas. The second and third floor levels provide ancillary accommodation. To the basement are WC's, kitchen and storage accommodation. The property has traded as a drinking establishment, although may be suitable for a variety of uses.

Location

The property is located on West Street in Sheffield city centre. The property is positioned between Carver Lane and Holly Lane, and within a location known as "Devonshire Quarter" which is considered the main drinking and leisure circuit area in Sheffield city centre. West Street benefits from excellent bus and tram links, with routes directly to The University of Sheffield (0.3 miles), and Sheffield Hallam University (0.4 miles).

Occupiers close by include include Zizzi's, Nando's, Leopold Square, Pitcher & Piano, Turtle Bay, Manahatta, Slug & Lettuce, Tiger Works, Walkabout, and various other bars, restaurants and shops. The main shopping areas of Sheffield city centre, Fargate, Division Street and the Moor, are all within walking distance.

Rateable Value

From information obtained from the Valuation Office Agency website the demises are rated as follows:-

Address: Locker Room 53-59, West Street, Sheffield, S1 4EQ
Description: Public house and premises
Rateable Value: £43,750

The 2023/24 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business. We would advise interested parties to carry out their own checks. More information can be found here: https://www.gov.uk/government/publications/business-rates-relief-202324-retail-hospitality-and-leisure-scheme-local-authority-guidance

Planning

The premises are understood to have an established A4 consent. We would anticipated the property may have potential for other uses (STP). Interested parties are advised to satisfy themselves with the Sheffield planning department that their use is acceptable under these new changes.

Premises Licence

The premises currently benefits from a premises licence, permitted from 12:00 to 00:30 on Sun-Sat. Interested parties are advised to verify this with Sheffield licensing.

Lease Terms

The property is available to let by way of a new lease on terms to be agreed.

Rent

Rent on application. We are informed VAT is payable on the rent.

Available Area